Car Buying: Used or New? 

Buying a new car can be stressful. You have lots of decisions to make and you want to make sure you make the right ones. Especially when it comes to your next car purchase. You’ve clearly made the right decision by wanting to purchase a Ford. The Henry Day Ford dealership in West Valley City, Utah, has all options, both old and new, that you could ever want.

There are pros and cons of buying both old and new and we are here to help you out. Obviously, used cars are cheaper. However, they have more mileage on them and most likely won’t last as long as buying a new car. On the other hand, new cars depreciate as soon as you drive it off the lot. To truly find out what the best option for you is, we’ll help explain what deprecation is.

Deprecation 

Typically, a vehicle loses 20 to 30 percent of its value immediately after it’s purchased. This should only be a factor if you are planning on selling the car someday down the line. We will help break it down price wise. 

Say you buy a brand new car for $20,000, within 24 hours it would only sell for $16,000. Years down the road, if you are wanting to sell it and the car has depreciated another $4,000, you will most likely sell the car for $12,000. That is $8,000 less than what you paid for it, when you could’ve bought a car with low mileage for only $16,000. 

Like stated before, there are pros and cons to buying new or used. Henry Day Ford has great choices for both of those options. Don’t let the choices overwhelm you. We are here to help. 

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